Shandong Shengxin Mining Co., Ltd., the mining area is located in Dongping County, Tai'an City, Shandong Province. The iron ore reserves are more than 22 million tons, and the designed mining and dressing production capacity is 800,000 tons per year; Shengxin Mining obtained the mining license in September 2021 Certificate (continuation); in January 2022, the design of safety facilities passed the review; in March, it passed the inspection and acceptance of experts from the provincial department; in April, construction officially started; on October 15, the mining project passed the completion inspection of safety facilities, and on November 14, it passed Shandong Province On-site inspection of safety production license by Emergency Management Office.

The dressing plant construction project is designed by Sinosteel Maanshan Mining Research Institute Co., Ltd., constructed by Shandong Zijian Group Co., Ltd., and supervised by Shandong Tongli Construction Project Management Co., Ltd. The project started construction in June this year, with a total investment of 180 million yuan. It is designed to process 800,000 tons of ore per year and produce 200,000 tons of iron concentrate.